Case Study 2: Advice on Co-contributions to Superannuation
Charlie who is 48 and single living a very modest lifestyle wants to retire at age 55 and would like to maximise her super savings to assist her in retirement until she is eligible for the Age Pension.
Your savings:
- Fees charged by IFFP planner: $660
- Fees charged by retail commission remunerated adviser: $3,876
- IFFP saved $3,216 in fees compared to the advice from a retail commission remunerated adviser
- Net value delivered by IFFP: $10,522
- Net value delivered by a retail adviser: $2,355
The difference in net value over 7 years delivered by IFFP is $8,167 more than the value delivered by a retail commission remunerated adviser.